Goldman Sachs Earnings Rise
By 58% to Quarterly Record

NEW YORK -- Goldman, Sachs & Co., on track toward the biggest annual profit in its 128-year history, said that earnings before taxes jumped 58% to a record $932 million in its third quarter.

Goldman, the last private partnership among the major U.S. securities firms, rode resurgent markets for new issues of stocks and bonds to exceed the $928 million pretax profit it racked up in the third quarter of 1993.